The rollout of Donald Trump’s high-profile “Gold Card” visa program has seen its first approval, marking an early milestone in the initiative designed to attract wealthy foreign investors. However, despite strong interest and hundreds of applications, officials confirm that only one individual has been granted the visa so far, highlighting a cautious and tightly controlled approval process.
Only One Approval Despite High Demand
Commerce Secretary Howard Lutnick revealed that just one applicant has been approved under the new visa program since applications opened in late 2025.
The program, which requires a minimum $1 million contribution to the U.S. government, was promoted as a fast-track pathway to residency for affluent individuals. While thousands expressed early interest, the approval rate has remained extremely limited during the initial phase.
Officials explained that the slow pace is intentional, with authorities prioritizing accuracy and thorough screening over speed. The identity of the approved applicant has not been publicly disclosed, adding to curiosity surrounding the program’s rollout.
Strict Vetting Process Slows Progress
Government officials emphasized that the application process involves one of the most rigorous background checks ever implemented for an immigration program.
According to Lutnick, hundreds of applications are currently under review, with each undergoing detailed security and financial scrutiny.
Applicants must also pay an additional processing fee, and authorities are working closely with the Department of Homeland Security to finalize procedures. The administration has defended the slow approval rate, stating that ensuring “perfect” execution is a priority during the early stages.
Program Aims to Attract Wealth and Boost Revenue
The “Gold Card” visa was introduced as part of a broader strategy to draw high-net-worth individuals to the United States. It offers residency rights similar to a green card, with a potential pathway to citizenship.
Officials believe the program could generate billions in government revenue over time, with earlier projections suggesting strong financial potential.
Despite these ambitions, the limited number of approvals has raised questions about whether the initiative will meet expectations. Still, with hundreds of applications in the pipeline, authorities remain optimistic about future growth as the program continues to develop.
